Compulsory Audit is required by chartered accountants if turnover of VAT Dealer exceeds specified amount

Such amount depends upon state to state

 

Exam Questions

Question 15
State with reasons in brief whether the following statements are correct or incorrect with
reference to the provisions of value added tax laws:

(ii) VAT laws of different States require a registered dealer to compulsorily get his books of
accounts audited irrespective of the quantum of his turnover.

View Answer
  1. Indirect Tax
  2. Vat
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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